Post
Topic
Board Bitcoin Discussion
Re: Can Cryptocurrencies Be Safe Havens?
by
eaLiTy
on 05/07/2020, 13:22:53 UTC
The most popular cryptocurrencies markets have been falling since the start of the week, putting into question their status as "safe haven" assets.
If you are watching the cryptocurrency market then you will not come to a conclusion that it is a safe heaven, if you entered the market when the price was really low then you could possibly consider that as an safe investment even that is the case with gold, but the idea of safe heaven should be taken into account when there is an economic crisis and whether the cryptocurrency market will hold up, to be frank i do not see that as the market will go down along with the stock market and we have seen many times that the BTCitcoin market goes down along with the stock market in the past few months.